Principal subsidiaries, associates and joint ventures 

Europe

      2015 2014  
  Activity Currency Paid-in share capital Investment in % Paid-in share capital Investment in % Consolidation
Switzerland              
KIT Solution AG, Zurich CO CHF 1,000,000 100 1,000,000 100 C
Kuoni Global Travel Services AG, Zurich D CHF 100,000 100 100,000 100 C
               
Austria              
Kuoni Destination Management GmbH, Vienna D EUR 253,000 100 253,000 100 C
               
Denmark              
Kuoni Destination Management A/S, Copenhagen D DKK 600,000 100 600,000 100 C
               
France              
Gullivers Travel Associates SAS, Paris D EUR 37,000 100 37,000 100 C
               
Hungary              
Kuoni Destination Management Kft., Budapest D HUF 3,000,000 100 3,000,000 100 C
               
Italy              
Kuoni Destination Management S.p.A., Rome D EUR 1,548,000 100 1,548,000 100 C
GTA ( Italia) SRL, Rome D EUR 20,000 100 20,000 100 C
               
The Netherlands              
Kuoni Destination Management B.V., Amsterdam D EUR 55,815 100 55,815 100 C
               
Spain              
Kuoni Destination Management S.L., Madrid D EUR 150,000 100 150,000 100 C
Gullivers Travel Associates S.A., Madrid D EUR 420,708 100 420,708 100 C
               
United Kingdom              
Donvand Ltd., London D GBP 177,194 100 177,194 100 C
GTA (Retail) Limited, London D GBP 50,000 100 50,000 100 C
VF Services (UK) Ltd., London V GBP 25,001 100 25,001 100 C

Activity:

D = Destination & Accommodation Services

V = Visa Processing Services

CO = Corporate

Consolidation:

C = Consolidated

E = Valuation according to equity method

Overseas

      2015 2014  
  Activity Currency Paid-in share capital Investment in % Paid-in share capital Investment in % Consolidation
Australia              
Australian Tours Management Pty Ltd., Melbourne D AUD 500,000 100 500,000 100 C
GTA Australasia Pty Limited, Sydney D AUD 100,000 100 100,000 100 C
Travelcube Pacific Pty Limited, Sydney D AUD 50,000 100 50,000 100 C
               
China              
S.K.Y. Business Consultancy Co. Ltd., Shanghai D CNY 1,198,115 100 1,198,115 100 C
Kuoni Destination Management (Beijing) Ltd., Beijing D CNY 4,000,000 100 4,000,000 100 C
Gullivers Travel Associates (Hong Kong) Limited, Kowloon D HKD 3,064,000 100 3,064,000 100 C
Gullivers (Beijing) Commercial Consulting Services (China), Beijing D USD 250,000 100 250,000 100 C
Gullivers Travel Associates (China) Limited, Beijing D CNY 4,000,000 100 4,000,000 100 C
VFS Business Information Consulting Co. Ltd., Shanghai V CNY 1,127,862 100 1,127,862 100 C
               
India              
VFS Global Services Pvt. Ltd., Mumbai V INR 373,670,000 100 373,670,000 100 C
               
Japan              
Kuoni Travel (Japan) Ltd., Tokyo D JPY 50,000,000 100 50,000,000 100 C
Gullivers Travel Agency Co. Ltd (Japan), Tokyo D JPY 40,000,000 100 40,000,000 100 C
Octopus Travel.com Japan KK, Tokyo D JPY 10,000,000 100 10,000,000 100 C
               
Kenya              
Private Safaris (E.A.) Ltd., Nairobi D KES 62,500,000 100 62,500,000 100 C
               
Mauritius              
Kuoni Asian Investments (Mauritius) Ltd., Port Louis CO USD 1,000,000 100 1,000,000 100 C
               
Singapore              
Kuoni Travel (S) PTE Ltd., Singapore D SGD 100,000 100 100,000 100 C
Kuoni GTS (Singapore) Pte. Ltd., Singapore D SGD 100,000 100 100,000 100 C
               
South Africa              
Kuoni Private Safaris (Pty) Ltd., Cape Town D ZAR 500,000 100 500,000 100 C
VFS Visa Processing (South Africa) Pty Ltd., Pretoria V ZAR 300,000 100 300,000 100 C
               
South Korea              
Kuoni Travel (Korea) Ltd., Seoul D KRW 100,000,000 100 100,000,000 100 C
Kuoni GTS (Korea) Ltd., Seoul D KRW 350,000,000 100 350,000,000 100 C
               
Taiwan              
Kuoni GTS (Taiwan) Ltd., Taipei D TWD 6,000,000 100 6,000,000 100 C
               
Thailand              
Asian Trails Ltd., Bangkok D THB 24,000,000 49 24,000,000 49 C
Kuonissimo (Thailand) Ltd., Bangkok D THB 2,000,000 49 2,000,000 49 C
               
United Arab Emirates              
Desert Adventures Tourism LLC, Dubai D AED 300,000 100 300,000 100 C
Gulf Dunes LLC, Dubai D AED 300,000 100 300,000 100 C
GTA (Middle East) FZ LLC, Dubai D AED 50,000 100 50,000 100 C
VFS TasHeel International JLT, Dubai V USD 5,000,000 50 5,000,000 50 E
Vasco Worldwide JLT, Dubai V USD 5,000,000 50 5,000,000 50 E
Octopus Travel (Middle East) FZ LLC, Dubai D AED 50,000 100 50,000 100 C
               
USA              
AlliedTPro, Inc., New York D USD 170,000 100 170,000 100 C
Kuoni Travel (Atlanta) Inc., Atlanta D USD 50,000 100 50,000 100 C
Kuoni Holding Delaware, Inc., Wilmington CO USD 1 100 1 100 C
GTA Americas LLC, Delaware D USD 29,700,000 100 29,700,000 100 C
Octopus Travel.com (USA) Limited, Delaware D USD 1,000 100 1,000 100 C

Activity:

D = Destination & Accommodation Services

V = Visa Processing Services

CO = Corporate

Consolidation:

C = Consolidated

E = Valuation according to equity method

Discontinued operations (tour operating business and inbound business India)

      2015 2014  
  Activity Currency Paid-in share capital Investment in % Paid-in share capital Investment in % Consolidation
Switzerland              
Kuoni Reisen AG, Zurich T/D CHF 0 0 7,000,000 100 DE
Railtour Suisse SA, Berne T CHF 0 0 1,600,000 93 DE
               
Belgium              
Kuoni Travel Belgium B.V. B.A., Gent T EUR 0 0 7,335,000 100 DE
               
Denmark              
Falk Lauritsen Rejser A/S, Herning T DKK 0 0 500,000 100 DE
               
The Netherlands              
Kuoni Specialists B.V., Amsterdam T EUR 0 0 20,418 100 DE
               
Spain              
Sotavento S.A., Fuerteventura T EUR 0 0 3,060,000 100 DE
               
Sweden              
Kuoni Nordic AB, Stockholm T SEK 0 0 23,000,000 100 DE
Nova Airlines AB, Stockholm T SEK 0 0 15,000,000 100 DE
               
United Kingdom              
Kuoni Travel Ltd., Dorking T/D GBP 0 0 1,500,000 100 DE
CV Travel Holdings Ltd., London T GBP 0 0 100,000 100 DE
Kirker Holdings Ltd., London T GBP 0 0 100,000 100 DE
Carrier Ltd., Cheshire T GBP 0 0 139,000 100 DE
               
China              
Kuoni Travel (China) Ltd., Hong Kong T HKD 0 0 4,800,000 100 DE
               
India              
Kuoni Travel (India) Pvt. Ltd., Mumbai T/D INR 0 0 80,230,500 100 DE
Kuoni Business Travel India Pvt. Ltd., Mumbai T INR 0 0 8,450,000 100 DE

Activity:

T = Tour Operating

D = Destination & Accommodation Services

Consolidation:

DE = Deconsolidated